Episode 18

Stablecoin collapse: The horse has bolted

Stablecoins are a core part of the financial plumbing when it comes to cryptocurrency and digital assets. They promise that if you put a dollar in, you will always be able to get a dollar out.

But last week saw Terra, one of the largest stablecoins, lose its peg to the dollar and collapse. Investors are estimated to have lost over $40 billion in value. Ouch.

We dig into what happened, what might be the consequences for markets and whether stablecoins present a systemic risk to the economy.

And in the Dumb Question of the Week, we ask: What exactly is a Ponzi scheme?


Get in touch

📧 mhr@pensioncraft.com

🎧 many-happy-returns.captivate.fm


Join PensionCraft

🌐 Become a member at pensioncraft.com

▶️ Subscribe on YouTube



This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice.

Copyright 2023 Many Happy Returns

About the Podcast

Show artwork for Many Happy Returns
Many Happy Returns
The weekly podcast that makes better investors

About your hosts

Profile picture for Ramin Nakisa

Ramin Nakisa

Ramin is an investment coach, YouTuber and founder of PensionCraft.

He worked for 15 years as an investment banking strategist and has published two books: “A Financial Bestiary” and “Invest in Fear”.
Profile picture for Michael Pugh

Michael Pugh

Michael is a media executive in London, working in news, television and music.

He is an enthusiastic amateur investor and new dad.